Bank of America caught headlines back in 2021 with a claim that $93M in capital inflows would produce a 1% change in the #Bitcoin market cap.
This is where the 118x multiplier comes from.
In today's post, I run the numbers to find out how real this is.

We've encountered countless analyst estimates claiming $1 of capital inflow into Bitcoin creates a $100 increase in the market cap. We've run the numbers to dispel this Multiplier Myth.

Dispelling the 118x Bitcoin Multiplier Myth

Twitter

Bithumb, one of South Korea's largest cryptocurrency exchanges, has just shaken the market with a serious internal incident related to the distribution of rewards...

A Bithumb exchange employee accidentally 'gifted' 2,000 Bitcoin to a user, causing the price of BTC on the exchange to suddenly drop by 10%.

Author: Nancy, PANews
Original title: No Black Swan Events, Four Atypical Guesses About the Culprit Behind Bitcoin Overselling
---------------------------------------------------------------
A black swan-style crash has arrived, but we haven't seen where the black swan is, which is even more unsettling.
Almost without warning, Bitcoin suddenly plummeted, entering its third-largest oversold zone in history, causing both long positions to collapse and psychological barriers to fall. This has left the market perplexed...

The absence of black swan events suggests there may be other reasons for Bitcoin's current oversold condition.

Bitcoin ($BTC) has recently gone through a sudden shift on Bithumb, a well-known South Korean crypto exchange. In this respect, the $BTC/KRW trading abruptly plummeted over 10% below the worldwide ave...

Bitcoin Price Plummets on Bithumb after Staff Error Transfers 2,000 $BTC

Part 1 of the video report is available on the @_checkonchain Youtube channel, where we set out the groundwork for how we estimate #Bitcoin demand.
Once we have a picture of demand, we can compare that to market performance to derive a multiplier.